by AIP Online Bureau | Feb 26, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
A two-day workshop for executive directors and heads of fraud risk management of 60 major banks, conducted by the RBI, concluded on Wednesday Mumbai:The Reserve Bank on Thursday said that close coordination among all the stakeholders is necessary to prevent or...
by AIP Online Bureau | Aug 31, 2025 | Data, Eco/Invest/Demography, Technology
“Cybercriminals usually exploit people through fake electricity and gas bills, fraudulent investment schemes, impersonation of police or income tax officials, OTP theft, social media harassment, online lottery and fraud on hotel booking platforms,” Tripura...
by AIP Online Bureau | Aug 10, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
The funds come from a range of cybercrimes in India: online investment frauds, fake job or task schemes, sextortion, and bogus trading platforms. Victims’ payments are funnelled into mule accounts before disappearing into the blockchain – beyond the...
by AIP Online Bureau | Jun 26, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
The draft cyber security rules published on June 24 proposed to create a new platform for phone number validation and also includes those entities that use phone numbers to identify customers like banks using phone numbers for UPI transactions New Delhi:The Department...
by AIP Online Bureau | Jun 22, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions, sources said. New Delhi: In a bid to rein in the increasing incidence of digital payment...
